Yes , certainly no need to raise here with a solid $18.3m in cash, what i believe will happen is the growth here will be fast, the grades will show extensive strong Lithium brine, and MAN share price will be many multiples of what it is today ! GLN will probably take a further holding soon, probably buy on market as their last 5 million buy at 5.6 cents, and we become a Lithium producer !
Looking at the experience of Douglas W Hollet , this is all gearing up to go into near term production as stated below in todays announcement !
Interestingly this comment as well, “The lithium brine scene in the US has grown exponentially in recent times with global oil giant ExxonMobil recently announcing the purchase of an early-stage lithium brine project in Arkansas for US$100M " " Mandrake has engaged senior Washington DC-based advisor Douglas W. Hollett to advise on government and commercial investment opportunities for the 100%-owned Utah Lithium Project
Mr Hollett has over 40 years’ experience in the energy and critical minerals sector, most recently as Special Advisor, Critical Materials and Supply Chain at the US Dept of Energy (DOE)
Mr Hollett reported to the DOE Under Secretary for Science and Innovation in the Special Advisor role, responsible for both internal and interagency coordination on the full suite of critical mineral items
Mr Hollett also has deep connections with the North American and international commercial, investment and institutional critical minerals-facing communities and will facilitate outreach and engagement for Mandrake to these groups "
MAN Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
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